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Dec 28, 2012
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mcconnell reportedly said he might be able to sell, but republicans wants the debate shifted. >> all the talk is about taxes. what the talk should be about is what we want to talk about today, and that's the medicare fiscal cliff. >> reporter: no way to cut a deal by tuesday to reform entitlements. some say that's good. >> the big problem is if we do something right now that has longlasting adverse effects on economic growth, that will cost us for a very long time. >> reporter: but for a short time americans say fix the tax problems. >> it's a frustrating feeling to see the two sides apart. >> frankly where he shouldn't be taxed more because they can't work together. >> end the taxes for the middle class and figure out the rest of it come january, worst case. >> reporter: worst case, say many, is no deal on anything. but some tea party republicans are said to be ready to let everyone's taxes go up on tuesday, so they can quickly help figure the like on middle-class taxes and later claim they voted to cut taxes. steve handelsman, news4, capitol hill. >>> some frightening moments in a
mcconnell reportedly said he might be able to sell, but republicans wants the debate shifted. >> all the talk is about taxes. what the talk should be about is what we want to talk about today, and that's the medicare fiscal cliff. >> reporter: no way to cut a deal by tuesday to reform entitlements. some say that's good. >> the big problem is if we do something right now that has longlasting adverse effects on economic growth, that will cost us for a very long time. >>...
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Dec 28, 2012
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mcconnell. he said he's hopeful that the two of them can work out some kind of plan that can pass the house and senate in a bipartisan way. he didn't give any details on what sort of plan but if they can't work out a deal he's got a doomsday scenario. >> he said if they couldn't reach a deal he is going to urge senator reid to bring a basic bill to the senate for a basics up and down vote of senators. that package, mr. obama said, would prevent taxes from going up for middle-class americans and would preserve unemployment insurance for those americans who need it. >> he also urged the lawmakers to let that package come to a vote, which has been an issue many times. we are going to take a break and be back in just a minute.
mcconnell. he said he's hopeful that the two of them can work out some kind of plan that can pass the house and senate in a bipartisan way. he didn't give any details on what sort of plan but if they can't work out a deal he's got a doomsday scenario. >> he said if they couldn't reach a deal he is going to urge senator reid to bring a basic bill to the senate for a basics up and down vote of senators. that package, mr. obama said, would prevent taxes from going up for middle-class...
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Dec 28, 2012
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mcconnell, and house speaker john boehner. have four dates to reach an agreement, but the u.s. economy would go off a fiscal cliff. that's when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at whatever he proposes. the truth is we are coming up against a hard deadline. this is a conversation we should have had months ago. clerk democrats want to extend bush-era tax cuts to everyone except those americans making to a hundred $50,000 or more per year. many republicans are against any tax increases. -- democrats want to extend bush-era tax cuts to everyone except those americans making $250,000 per year. >> d.c. mayor vincent gray says the christmas eve ki
mcconnell, and house speaker john boehner. have four dates to reach an agreement, but the u.s. economy would go off a fiscal cliff. that's when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of...
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Dec 28, 2012
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an aide to senate minority leader mitch mcconnell says the republican senator is eager, quote-unquote, to hear from the president. >>> house lawmakers are heading back to washington ahead of a deal. john boehner called the house back into session for a rare sunday evening session. boehner says it's up to the senate to act. he says the house has done its part to -- it would extend existing tax cuts for all americans. >>> federal workers are told to take steps to prepare for possible furloughs if spending cuts that would be part of the fiscal cliff take effect. the office of personnel management issued new guidelines which state that employees will be given at least 60 days' notice before any furloughs of more than 22 days. they'll receive 30 days' notice for furloughs shorter than that. workers will also not be allowed to use other forms of paid time off like sick leave. >>> investors overseas appear to be optimistic about the -- the nikkei index hit the highest mark since march of last year. markets in hong kong, south korea and australia are also up today. >>> new this morning, iran
an aide to senate minority leader mitch mcconnell says the republican senator is eager, quote-unquote, to hear from the president. >>> house lawmakers are heading back to washington ahead of a deal. john boehner called the house back into session for a rare sunday evening session. boehner says it's up to the senate to act. he says the house has done its part to -- it would extend existing tax cuts for all americans. >>> federal workers are told to take steps to prepare for...
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Dec 28, 2012
12/12
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mcconnell, john boehner, and harry reid. they have before you are days to reach an agreement or the u.s. economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. >> democrats want to extend bush-era tax cuts to everyone except those americans making $250,00 or more per year. many republicans are against any tax increases. most americans just want something to be done. >> people are tired of partisanship and they want everyone to come together. >> if lawmakers don't reach a deal
mcconnell, john boehner, and harry reid. they have before you are days to reach an agreement or the u.s. economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds...
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Dec 28, 2012
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an aide to senate majority leader mitch mcconnell said the republican senator is eager to hear from the president. >>> new year's is still a few days away but some lawmakers are telling republicans, not to drop the ball on the looming fiscal cliff. news4 tony is live on capitol hill where a maryland lawmaker joined the effort. tony, what's the word over there? >> reporter: we've been hearing about this closed-door session president obama is having with congressional lawmakers. but here on capitol hill, they're having a rally today and you can see behind me some folks with starting to gather and this will take place as 11:30. both sides coming together to call for some kind of agreement to have before these possible tax hikes take place. that being said, i want to bring in mr. bob packer. you're a small business owner in herndon, virginia. tell me real quick, if there's no how will it affect your business? >> if tax rates income it will affect me a number of ways. it will hammer my ability to invest in equipment and hire new people. my individual tax rate will increase and that will put
an aide to senate majority leader mitch mcconnell said the republican senator is eager to hear from the president. >>> new year's is still a few days away but some lawmakers are telling republicans, not to drop the ball on the looming fiscal cliff. news4 tony is live on capitol hill where a maryland lawmaker joined the effort. tony, what's the word over there? >> reporter: we've been hearing about this closed-door session president obama is having with congressional lawmakers....